ICC Banking Commission 2015 Events

ICC Banking Commission 2015 Events

In addition to its bi-annual summit gathering +300 international delegates every six months, the ICC Banking Commission organizes regular seminars and conferences around the world, in partnerships with ICC National Committees and other sponsors.

The ICC Banking Commission meetings are the only events of their kind gathering over 600+ banking executives and government officials from more than 65 countries to rethink the future of trade finance.

ICC Banking Commission 2015 Events

  • ICC Banking Commission Annual Meeting 20 – 23 April, 2015 Singapore
  • Supply Chain Finance Conference – 4th Edition TBC (Fall), 2015 Paris, France
  • ICC Banking Commission Technical Meeting TBC (Fall), 2015 Paris, France

ICC Banking Commission Annual Meeting 20 – 23 April, 2015 Singapore

The Annual ICC Banking Commission Meeting will take place at Raffles City Convention Center in Singapore between 20-23.April 2015.

ICC Banking Commission Annual Meeting 20 – 23 April, 2015 Singapore

The Banking Commission of the International Chamber of Commerce (ICC), in collaboration with the Association of Banks in Singapore (ABS), is pleased to invite you to the ICC Banking Commission – Annual Meeting to be held at the Raffles Convention Center in Singapore on 20-23 April 2015.

ICC Banking Commission Technical Meeting TBC November 16 – 18, 2015 Paris, France

ICC Banking Commission Technical Meeting TBC November 16 - 18, 2015 Paris, France

About the ICC Banking Commission

With +550 members in 85 countries, the ICC Banking Commission has rightly gained a reputation as the most authoritative voice in the field of trade finance.

Active in shaping policy and regulatory issues, the ICC Banking Commission is also known for producing universally accepted rules and guidelines for international banking practice, notably letters of credit, demand guarantees and bank-to- bank reimbursement.

ICC rules on documentary credits, UCP 600, are the most successful privately drafted rules for trade ever developed and are estimated to be the basis of trade transactions involving more than one trillion dollars a year.

The ICC Banking Commission Has Determined Key Working Areas

The ICC Banking Commission has determined key working areas

Although not known by many exporters and importers, the ICC Banking Comission plays a key role in international trade finance.

Most of the international trade finance rules have been written by the ICC’s Banking Commission.

Letter of credit rules, documentary collection rules, standby letter of credit rules,bank guarantee rules and bank payment obligation rules have all been drafted by the ICC’s Banking Comission.

The ICC Banking Commission has identified five work areas that are key to its success.

Area 1 – Traditional Trade Services

This service line includes the traditional rule-making activities of the Banking Commission, in particular:

  • Uniform Customs and Practice for Documentary Credits (UCP)
  • Uniform Rules for Demand Guarantees (URDG)
  • Collections, International Standard Banking Practice (ISBP)
  • Standbys
  • Opinions and Documentary Dispute Resolution Expertise Rules (DOCDEX)

Area 2 – Open Account and Supply Chain Financing

This service line includes projects related to global supply chain financing, in particular the Bank Payment Obligation (BPO) project, and the drafting of guidelines in the fields of open account, factoring and forfaiting.

Area 3 – Global Regulation

This service line handles the relationship with, or projects linked to, the work of international organizations apt to making overarching recommendations to regional or national organizations.

Area 4 – Legal and Compliance

This service line will act as general forum to member banks’ legal and compliance departments.

It has been established for the discussion of topics of interest to the membership, who can recommend action at the Commission or ICC level where needed.

The service line deals with implementation through regional or national laws relating to banking and financial transactions, and acts as legal advisor on any legal and compliance aspect relevant to the work of any of the other four topic areas or any topic selected by the Commission.

Area 5 – Risk and Asset Management

This service line includes credit insurance, assignments and standardization of credit documents, Export Credit Agency (ECAs)/Multilateral Development Banks (MDBs).